Golden Minerals Company (TSX: AUM) (PINKSHEETS: GDMN) today announced results for the third quarter 2009.
The press release is quoted as saying:
Golden Minerals sold three mining claims in Mexico to Capstone Gold SA de CV during the third quarter of 2009. The mining claims, which are located on the southern edge of the Zacatecas district, are outside of the Company’s targeted exploration program. The Company received $1.0 million in cash and recorded a $0.6 million gain on the sale. Golden Minerals also retained certain sliding scale net smelter return royalties on the property, based on production quantities and metals prices.
